Tag: CNBC TV18

  • All roads to a bigger, beerier Goafest!

     

    By A Correspondent

     

    It’s the time of the year when the adfrat congregates in Goa for the sun, sand and loads of learning. And may we add: gallons of beer. As Goafest 2012 begins at The Zuri White Sands in South Goa today with the industry conclave, one will see more than 3,000 people get together to celebrate creativity.

     

    Says an ecstatic Arvind Sharma, Chairman, Goafest 2012: “We were ourselves surprised with such an encouraging response. This year will see the biggest crowd gather in the history of Goafest.” If the number of registrations has skyrocketed, guess will so be the consumption of beer and assorted liquids. Remember, the excise levies are perhaps the lowest in the country in Goa!

     

    “Goafest 2012 is a brand owned by the advertising and marketing fraternity. The high numbers that will attend the festival goes to show that fraternity looks at it as an extremely responsible event that is representative of the industry. We have an outstanding line-up of speakers this year, the process of judging has been rule-based and transparent and the jury has been extremely happy with the quality of entries that have come in. I just hope that people will enjoy the Goafest, Mr Sharma adds”

     

    Goafest will start, as has been the norm, with the Advertising Conclave with the theme Ideas That Impact the Full Circle. The session will begin with the welcome address by Nagesh Alai, President, AAAI. Srinivasan K Swamy, Chairman, Goafest Advertising Conclave will give his address on the theme of the Conclave. This will be followed by introduction of speakers by Arvind Sharma, Chairman, Goafest 2012.

     

    Jean-Yves Naouri, COO, Publicis Groupe and Tim Love, CEO, APIMA, Vice Chairman, Omnicom Group will give a global insight to the theme of the conclave. Jayant Murty, Director of Strategy, Media and Integrated Marketing, Asia Pacific Region, Intel Corp will speak on building brands in the era of multiple degrees of freedom. The last session will be a panel discussion on the theme which will be moderated by Anuradha Sengupta of CNBC TV18.

     

    Post the Conclave, April 20-21would have seminars during the day and awards night. On Day 1, the sessions will start from 2.30pm and the speakers would include Lucas Watson of Youtube, Jonathan Mildenhall of Coca-Cola, Tim Love of Omnicom, Charles Wright of Wolff Olins. On Day 2, one would get to hear author and brand guru Prof John Philip Jones, Rishad Tobaccowaala of Vivaki, Erik Vervroegen, Publicis Worldwide and Simon Wardle. These sessions will begin from 11.30 am.

     

    This year, Goafest has included segments that would appeal and include the marketers to their fold. During the seminars, a leading marketer would pose questions to the speaker and also bring an Indian context to the entire session even giving his or her interpretation.

     

    Some of the marketers who would be part of the sessions include: N Rajaram of Airtel, Sanjay Behl of Reliance, Kainaz Guzdar of P&G, Rajesh Jejurikar of Zee, Viral Oza of Nokia, Gayatri Yadav of Star and Hemant Bakshi of HUL. Goafest has also introduced the Marketing Wizards encouraging marketers under 30 years of age to participate in the fest.

     

    In the case of the awards, the number of jury members in each category has been increased to give a better representation. The number of Grand Prix too has been extended to all 9 categories (10 if film and film craft is considered separately).

     

    The focus has been to make the awards bias-free (as they ought to be!) and the Goafest Committee has brought in many filters to ensure that awards are held in high esteem by the fraternity. Also there are entries and delegates from Sri Lanka, Pakistan and Bangladesh this year.

     

    On April 20, the Media Abbys Night will be held where Digital, Design and Direct Abbys will also be presented and on April 21, the rest of the awards will be given including the coveted Creative Abbys.

     

    On the downside, while Lowe continues to skip the awards, among the bigger agencies, McCann too did not send any entries though it is learnt that folk from the agency will attend the fest.

    Click here to view all Goafest 2012 stories

     

  • India Inc prepares for earnings season, expectations muted: CNBC-TV18

    By A Correspondent

     

    It has been a tough 12 months for India Inc. and expectations are subdued from the Q4 results. Political uncertainties continue to plague the markets, revenue and margin are under pressure and the rupee is on tenterhooks. Investors and analysts are not expecting any positive surprises this time around. A disappointing Q4 may lead to a loss in confidence and money moving out of the markets. Questions are already being asked if Indian growth story is losing its sheen and investors are hoping that there is no further negative news.

     

    As the earnings season looks set to provide the barometer for the market sentiment of the nation’s economy, CNBC-TV18 presents ‘Boardroom’, the premier show which provides comprehensive earnings analysis of the India Inc. at the end of this financial year.

     

    The earnings season will start with earnings estimates, analyst views and brokers polls. The day of the results will feature management interviews and stock update of some ofIndia’s largest companies. This will be followed by analysis on Boardroom with the company board, top management, CEOs, noted analysts and fund managers.

     

    CNBC-TV18’s editorial team will go behind the numbers and aim to bring the definitive insights that help to make the best investing decisions. Join the team led by Udayan Mukherjee & Mitali Mukherjee as they discuss the annual number and how this may set the tone for the next move in the markets.

     

    The show kicks off with the Infosys earnings numbers on April 13, and will continue to track the market defining companies through the earnings season.

     

    CNBC-TV 18, an English business news channel, has been an integral part of the Indian economic story, spearheading and mirroring these enterprising times. The channel’s coverage extends from corporate news, financial markets coverage, expert perspective on investing and management to industry verticals and beyond.

     

    The Network18 Group is a media and entertainment company with interests in television, internet, filmed entertainment, e-commerce, magazines, mobile content and allied businesses.

     

  • Done deal? Mukesh Ambani to enable Raghav Bahl to pick up ETV. RIL likely to invest Rs 1.5k cr for 30% & 4G rights

    By R Sriram

     

    Reliance Industries is embarking on a major diversification into the media and entertainment sector with the Mukesh Ambani firm agreeing to fund a transaction that will result in a sizeable stake for itself in a company controlling two of the industry’s largest businesses, the Network18 Group and the Eenadu Group of channels run by the Hyderabad-based Ramoji Rao.

     

    People close to the transaction, which has a number of stages, told ET that an RIL subsidiary will help the promoter group of Network18 fund the rights issues of its two listed entities, Network18 Media and Investments, which runs the portal moneycontrol.com, and TV18 Broadcast Ltd, which operates a number of business and general news channels, notably CNBC TV18 and CNN-IBN.

     

    ET was not able to independently verify the amount to be invested by RIL, but people with direct knowledge of the transaction estimated it to be more than Rs 1,500 crore. The money from RIL will help Mr Raghav Bahl, the promoter of the TV18 Group, subscribe to the rights issues of both the listed companies, Network18 and TV18. The full amount expected to be raised through the rights issues is estimated at over Rs 3,500 crore.

     

    The boards of TV18 Broadcast and Network18 Media will meet on Tuesday to discuss plans for a rights issue. Mr Raghav Bahl did not respond to an email questionnaire; a Reliance group spokesperson also remained silent, while Mr B Sai Kumar, the CEO of Network18, declined comment.

     

    Times NOW and ET NOW, owned by Bennett, Coleman & Co. Ltd, the publisher of The Economic Times, compete with some of the television channels owned by Mr Bahl. The strategic investment by RIL will be used by the Network18 Group to retire debt and eventually buy out RIL’s stake in Eenadu, the pan-India vernacular language channels owned by Mr Ramoji Rao.

     

    RIL sources said they had invested Rs 2,600 crore in the Eenadu Group through a subsidiary giving it ownership of all businesses apart from its Telugu channel, in which it owns 49 per cent. The transaction, once complete, will result in RIL recovering most of its investments in Eenadu. Messages and an email sent after business hours to the office of Mr CH Kiron, the managing director of Ushodaya Enterprises, the holding company of the Eenadu Group, did not elicit any response.

     

    By its own admission before the Andhra Pradesh High Court, Reliance Industries has said it has invested Rs 2,600 crore in entities of Mr Nimesh Kampani-led JM Financial Group, which in turn had invested in Ushodaya Enterprises. The AP High Court is hearing a petition alleging the investment was a payoff to Mr N Chandrababu Naidu, the former chief minister of Andhra Pradesh, an allegation RIL has denied in its affidavit. RIL’s deal with Mr Bahl, likely to be announced on Tuesday, is expected to create a powerful national news and entertainment company spanning several regional languages as well as English and Hindi.

     

    RIL to get Exclusive Rights to Content

     

    RIL, people close to the transaction said, is expected to hold an economic interest equivalent to a 30 per cent stake in the promoter group of companies, with the original promoter Mr Bahl owning 51 per cent and all voting rights.

     

    Further, RIL will have exclusive rights to content from 30 channels and web properties of the two media houses, which will lend a competitive edge to its broadband services to be rolled out later this year.

     

    RIL is laying the groundwork for national 4G broadband services expected to be launched sometime this year. Content for broadband services is generally outsourced, but RIL will have an advantage over others with this transaction which will give its subscribers a wide variety of channels ranging from general entertainment to news and movies.

     

    Earlier on Monday, Mr Sai Kumar, in a letter to all employees of TV18, hinted at a solution to the group’s debt problems. “Let me also take this opportunity to tell you that we are very close to addressing our debt levels and related issues which have been reported by various media in the last few weeks. We will learn the details from Raghav pretty soon,” said Mr Sai Kumar, who took over as CEO after the sudden resignation recently of long-time CEO Mr Haresh Chawla.

     

    The money is likely to be invested directly in companies controlled by Mr Raghav Bahl, such as RB Holding Pvt Ltd and RB Investments Pvt Ltd. These companies own 30.34 per cent stake in Network18 Media while Mr Bahl holds 9.03 per cent in his name. Network18, in turn, is the main shareholder in TV18 Broadcast with a 49.98 per cent stake. The two companies have suffered heavily in the downturn triggered by the financial crisis of 2008-09. While revenue growth has been strong, profits have plummeted and borrowings have soared.

     

    At the end of March 2011, Network18 had debt of Rs 1,777.89 crore. Its profit for that year fell 87.27 per cent. TV18’s debt stood at Rs 550.54 crore while profit fell 17.40 per cent. The markets have punished the two companies. Network18′ s market cap is down 171.57 per cent since January 5, 2009 while TV18’s has fallen 560.23 per cent in the same period. Mr Bahl’s companies also have a distribution joint venture with the Chennai-based Sun Group, called Sun18. It is not known if Sun’s channels, among the strongest in the south, are a part of this arrangement. American giant Viacom too has a joint venture with Mr Bahl for producing movies.

     

    Source:The Economic Times

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